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The Offshore Pollution Liability Association Ltd |
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| 46. | (A) | The Directors shall have power from time to time and at any time to appoint any person to be a Director and the Managing Director of the Association and to remove from office any person so appointed and so that not more than one person shall at any time hold office as a Director and the Managing Director by virtue of any such appointment. |
| (B) | A Managing Director shall not be subject to retirement by rotation or be taken into account in determining the rotation of retirement of Directors or the number of Directors to retire by rotation. | |
| (C) | The appointment of any Managing Director shall be on such terms as to remuneration and otherwise as the Directors may determine and the Directors may confer upon the Managing Director any of the powers exercisable by them as Directors upon such terms and conditions and with such restrictions as they think fit and either collaterally with or to the exclusion of their own powers, and may from time to time revoke, withdraw or vary all or any of such powers. | |
| (D) | The Managing Director shall not vote, nor shall he be counted in the quorum present, at any meeting of the Directors. |
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